£166,563
This estimated value is based upon the latest sale price for the house of £130,000 on 23 Jun 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £130,000 | 23 Jun 2017 |
| £100,000 | 27 Sep 2013 |
| £52,500 | 11 May 2001 |
| £46,000 | 26 May 1995 |
| Terraced |
| Leasehold |
| Floor Area: 76 sq meters or 818 sq feet |
This model uses changes in the Official Land Registry House Price Index for TYNE AND WEAR to estimate the market value.
When this house was purchased in June 2017 the House Price Index for TYNE AND WEAR was 116.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 28.126%.Applying this 28.126% change to the original purchase price of £130,000 results in an estimated price of approximately £166,563.
| 23 Jun 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.0 | 148.6 | 28.126 % | £130,000 | £36,563 | £166,563 |
The Postcode Pricing Model uses changes in average sales price within the NE13 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 48.841 % | £63,493 | £193,493 |
| 3 Month Average | 13.097 % | £17,026 | £147,026 |
| 6 Month Average | 15.606 % | £20,287 | £150,287 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Nov 2023 | £137,029 | £135,000 | 6 FERGUSON CRESCENT |
| 23 Jun 2023 | £185,244 | £183,000 | 77 MELNESS ROAD |
| 26 Apr 2023 | £155,171 | £153,500 | 87 MELNESS ROAD |
| 19 Apr 2023 | £126,361 | £125,000 | 6 ASHFIELD MEWS |
| 3 Apr 2023 | £212,286 | £210,000 | 98 MELNESS ROAD |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 10 Mar 2017. Using an estimated price of £166,563 means this house is valued at £2,191 per sq meter (£203 per sq foot).
The average size of a house on MELNESS ROAD is 86 sq meters (933 sq feet).
This house is the largest in the street with a floor area of 76 sq meters (818 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other crime | Under investigation | On or near Melness Road |
| Feb 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Ferguson Crescent |
| Feb 2024 | Shoplifting | Under investigation | On or near Ferguson Crescent |
| Feb 2024 | Shoplifting | Under investigation | On or near Ferguson Crescent |
| Feb 2024 | Shoplifting | Under investigation | On or near Ferguson Crescent |